Cogeco Communications to acquire DERYtelecom for $405m.

Cogeco Communications, a communications corporation, agreed to acquire DERYtelecom, the third largest cable provider in the province of Quebec, for $405m. "The acquisition of DERYtelecom is a strong strategic fit which will allow Cogeco Connexion to increase its presence in areas that are adjacent to its Quebec footprint and to build on the long history of mutual respect, collaboration and friendship between the two companies. Our proven track-record in the successful integration of regional cable businesses, having acquired five companies in the US and Canada over the past five years alone, demonstrates our commitment to bring superior connectivity to regional and rural communities," Philippe Jetté, Cogeco Communications President and CEO.